Strategy Funds

Max 28 Fund

Fund Description and Objective

This Investment Strategy gives you the opportunity to achieve maximum long-term growth. It invests in diversified portfolios of high-quality instruments. The strategy's primary exposure will be to South African and international listed shares. It aims to achieve a return in the range of 6%-7% above inflation over rolling ten-year periods. This policy based investment is specifically designed for institutional investors and is managed to comply with Regulation 28 of the Pension Funds Act of South Africa.

Long-Term Target

To achieve a total return in the range of 6%-7% above inflation over rolling ten-year periods.

Inflation Plus 1-3% Strategy

Fund Description and Objective

This investment strategy seeks to grow your capital and income at a steady pace. It invests in a range of portfolios diversified across various asset classes, asset managers and high-quality instruments, including South African and international cash, listed property and listed shares.

Long-Term Target

It aims to achieve a return in the range of 1%-3% above inflation over rolling three-year periods.

Inflation Plus 3-5% Strategy

Fund Description and Objective

This investment strategy seeks to grow your capital and income at a reasonable pace. It invests in a range of portfolios diversified across various asset classes, asset managers and high-quality instruments, including South African and international cash, fixed interest securities, listed property and listed shares.

Long-Term Target

It aims to achieve a return in the range of 3%-5% above inflation over rolling five-year periods.

Inflation Plus 5-7% Strategy

Fund Description and Objective

This investment strategy seeks to grow your capital and income at a moderate to high pace. It invests in a range of portfolios diversified across various asset classes, asset managers and high-quality instruments, including South African and international cash, fixed interest securities, listed property and listed shares.

Long-Term Target

It aims to achieve a return in the range of 5%-7% above inflation over rolling seven-year periods.

Risk Aware Funds

Absolute Balanced Fund

Fund Description and Objective

This is an asset allocation Fund aimed at long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

 

Long-Term Target

Inflation +6% p.a. over the long term with no negative returns over rolling 18 months (before fees).

The Fund's performance target changed from CPI +7% to CPI +6% on 1 September 2013.

Absolute Defensive Fund

Fund Description and Objective

This Fund is an asset allocation fund aimed at medium-term capital stability coupled with long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. Over longer periods the Fund will attempt to produce significant inflation-beating returns. This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

Long-Term Target

Inflation +4% p.a. over the long term with no negative returns over rolling 12 months (before fees).

The Fund's performance target changed from CPI +5% to CPI +4% on 1 September 2013.

Absolute Cautious Fund

Fund Description and Objective

This Fund is an asset allocation fund aimed at shorter-term capital stability coupled with long-term capital growth. A flexible mandate is employed not for maximum performance but to allow the portfolio to be biased towards absolute returns and capital preservation. Over longer periods the Fund will attempt to produce inflation-beating returns.
This Fund is suitable for retirement funds and complies with Regulation 28 of the Pension Funds Act.

Investment objectives are not guaranteed.

Long-Term Target

Inflation +3% p.a. over the long term with no negative returns over rolling 6 months (before fees).

Peer Fund

Managed Fund

Fund Description and Objective

The Fund will seek to provide a truly diversified solution for investors looking for real growth of capital over the long term. The Fund invests across all permissible asset classes including domestic equities, bonds, cash, property and offshore assets. Due to its multi-managed nature the Fund is expected to provide similar returns to the average single-managed balanced fund over time, but with lower volatility. The Fund complies with Regulation 28 of the Pension Funds Act and is thus suitable for retirement fund investors

Long-Term Target

The Fund seeks to out-perform the median of the Alexander Forbes Large Manager Watch (Global) peers over the long term.

Benchmark

The Fund is measured against the median of Alexander Forbes Large Manager Watch (Global).

Specialist Funds

Money Market Fund

Fund Description and Objective

This Fund is aimed at investors who seek to minimise the risk of capital loss over the short-term.

 

Long-Term Target

The Fund aims to target 50 basis points above inflation over the medium to long term (before fees).

Benchmark

STeFI 3-month Index.